2 ms·
Fix housing. Real estate hyperinflation is the problem in this state. Most of the other major problems are caused by real estate hyperinflation. * Take zoning
by api 9y ago
Fix housing. Real estate hyperinflation is the problem in this state. Most of the other major problems are caused by real estate hyperinflation.
* Take zoning away from local zoning boards or at least place limits on the power of NIMBYs at the state level.
* Reform zoning laws to encourage infill and mixed use development. If local zoning boards won't do this override them at the state level.
* Impose a stiff tax on foreign non-occupant real estate purchases. Houses are for people, not to act as a proxy financial instrument for non-residents to exfiltrate capital and launder money. (I have no opposition to immigrants purchasing homes to live in. I'm talking about non-occupant cash buyers using our real estate as a financial instrument.)
* Repeal proposition 13. It would require a phase-out over a long period of time, but would add tax increases as a counter-pressure against real estate price hyperinflation. As it stands there is no downside for homeowners to do everything in their power to inflate housing.
* Invest a lot more in public transportation to make more of the housing stock reachable and commutable for more people. Some of the money for this could come from taxing foreign non-occupant purchases of RE, etc.